News Hub | News Direct

Meet FiscalNoteGPT From FiscalNote (NYSE: NOTE), A First-Of-Its-Kind AI Tool Tailored To Legal and Regulatory Workflows

Benzinga

FiscalNote Holdings Inc. (NASDAQ: NOTE) has taken a monumental leap forward in redefining the policy and regulatory landscape with the introduction of FiscalNoteGPT. This cutting-edge AI system, purposefully crafted for the unique intricacies of the industry, marks a significant milestone in FiscalNote's ongoing commitment to delivering innovative solutions tailored to the challenges of policy and regulation. In a visionary move, FiscalNote has harnessed the power of artificial intelligence through strategic partnerships with technology giants OpenAI, Alphabet (NASDAQ: GOOG), and Microsoft (NASDAQ: MSFT). These strategic collaborations harness the respective strengths of these tech leaders, augmenting FiscalNote's ability to offer a truly transformative solution. The introduction of FiscalNoteGPT could redefine the landscape of policy and regulatory intelligence by capitalizing on advanced AI capabilities. This system represents a culmination of in-depth industry knowledge and technological prowess, enabling organizations to navigate intricate regulatory terrains with unparalleled precision. At the heart of this innovation lies the integration of machine learning algorithms, natural language processing and predictive analytics – meticulously calibrated to cater to the dynamic demands of the policy and regulatory domain. FiscalNoteGPT demonstrates the potential to analyze vast amounts of legislative and regulatory content, effectively identifying trends, predicting impacts and providing actionable insights to its users. This AI innovation addresses a critical gap in the industry, empowering professionals to streamline their workflows and make informed decisions swiftly. FiscalNoteGPT's exceptional capabilities extend to automating tasks that traditionally demanded exhaustive manual labor, thereby freeing up valuable resources for strategic analysis and decision-making. With FiscalNoteGPT, the industry now has a transformative tool that can distill voluminous regulatory data into comprehensible and actionable intelligence; organizations can anticipate trends, navigate changes and make well-informed decisions, thus positioning themselves for success within the evolving regulatory landscape. “With this groundbreaking new release, we continue to push the boundaries of AI innovation in a way that benefits both FiscalNote and the industry,” said Josh Resnik, President and Chief Operating Officer of FiscalNote. “No one is in a more unique position to do so than FiscalNote, given our 10 years of leadership in applying AI to a broad array of proprietary and external data and information in the regulatory and policy domain. What also sets FiscalNoteGPT apart as a clear, competitive differentiator are our proprietary databases, consisting of thousands of trusted internal and external sources, which means our customers can engage with confidence to help guide and inform their decisions and results.” For a more comprehensive understanding of the profound impact and capabilities of FiscalNoteGPT, including details on partnerships with Open AI, Google and Microsoft, please refer to the original press release available here. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 21, 2023 05:04 PM Eastern Daylight Time

RIP Wall Street vs. Main Street

Benzinga

Whenever the retail news talks about Wall Street vs. Main Street, I just chuckle. Wall Street vs. Main Street is long gone. The new market structure is entirely different now, with exciting new opportunities for retail traders and investors. The term “Wall Street” referred to the giant Sell-Side Institutions, the big banks and investment firms which once dominated the market. Big banks were the power and money behind most transactions. That dominance ended in 2008 with the banking debacle of that era. “Wall Street” has never been the same. Banks are struggling. Should you be worried? No. What you should be focused on are the Giant Buy-Side Institutions, which I call “the Dark Pools” since they transact orders on hidden Dark Pool venues. They are now the dominant force behind the scenes. They create a slow but massive liquidity draw when millions of shares of stock are bought slowly over time. This creates a huge hidden opportunity for both retail traders and investors. The Big Banks are always in the news. Not so with the Dark Pools, but they control 130 trillion dollars of assets under management worldwide. While the big banks’ revenue growth is eroding due to the growth of crypto currencies and all the variables of blockchain technology, the Dark Pools have been buying up huge quantities of the top crypto currencies to create new ETFs and other new investment and trading products. They are already making huge profits on these new derivatives. Peer-to-Peer transactions are growing in popularity. The banks’ role as intermediaries, as “vital and necessary to the global monetary system,” is in question. When all transactions are digital and the use of virtual wallets is the new normal, will we need banks as intermediaries for transactions between corporations, small businesses, consumers or government? Meanwhile, the Dark Pools manage the vast majority of 401(k)s and other retirement accounts. THEY are vital to the stability of the middle class of America. The Giant Buy-Side Institutions are usurping the big banks’ profitability from underwriting IPOs. The NASDAQ Private Market (NPM) is a new “professionals-only” stock market exchange where Buy-Side Institutions can invest in private companies much earlier in the cycle. Banks are no longer in control of which private companies will IPO, as the Buy-Side Institutions invest in these private companies via the NPM before they go public. Banks will experience a sharp reduction of profit from underwriting IPOs because the Buy-Side Institutions used to be their Preferred Clients, who bought shares of stock directly from the banks, which sold the majority of the shares to the Buy-Side Institutions well ahead of the IPO date. Banks are still used by most corporations for corporate “buybacks” of shares of a company’s public stock, but even that may end soon as new-technology financial companies, hedge funds and other firms can offer trading floor transactions instead of using the Bank of Record for buybacks. Or, the corporations may hire highly skilled traders and use AI as a means of managing buybacks. So “Wall Street,” aka giant banks and financial services, is not the force driving the huge growth of the stock market. This is an irreversible condition of an evolving global financial system. There is no “Main Street.” The millions of Americans who trade or invest in stocks are not one mindless group all behaving the same way. Each group trades and invests in a totally different way. This affects how stock prices move. Retail Long Term Investors. The SEC estimates about 70 million FAMILIES have invested in the stock market. As long-term investors, they are usually profitable. They have experience and some basic market knowledge. Retail Traders. This group is mostly trying to day trade, so they lose more money than any other group. They are largely gamblers and speculators with minimal market experience. Semi-Professional Traders. These individuals Trade as a Business full-time, similarly to independent professional traders. They have IRS business status for tax purposes. Smaller Funds Managers. These companies or individuals work with less than $3 billion in assets under management to as small as $100,000. They are considered “retail” as they lack experience or knowledge and tend to react to news similarly. They are no longer required to file SEC reports. MEME stock trading groups. This is a large group of higher-income younger-generation investors and traders who follow a retail-side guru. They trade the same “meme” stocks all at once to move the market deliberately in huge swings of price. Stock Market Cycle of Market Participants from TechniTrader® Thinking in terms of “us” vs. “them” is not the right attitude for successful trading in the financial markets. With a better understanding of the market participants–their goals, knowledge level, hold duration, how they trade, etc.–a well-educated trader or investor can identify when they are active and follow the market participant that best aligns with their goals. This is why I created the stock analysis method called “Relational Technical Analysis,” which is based on the Cycle of Market Participants. Visit my website to learn more. Martha Stokes, CMT https://www.technitrader.courses/ This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 21, 2023 05:01 PM Eastern Daylight Time

Image

News Release

Cepton's new Chief Commercial Officer shares path to industrializing lidar with automotive programs

Cepton Inc

Mitch Hourtienne, who previously held the position of senior vice president at Cepton, shares details of his new role as chief commercial officer with Steve Darling from Proactive. Hourtienne brings over two decades of experience in the automotive industry, and his tenure at Cepton began in 2018. Hourtienne's career spans various notable companies, including Sensata, Freescale Semiconductor, Infineon Technologies, and Siemens VDO Automotive, where he has led efforts in product marketing and sales. During his time at Cepton, he has played a pivotal role in securing the company's flagship ADAS lidar series production contract with General Motors and strengthening its partnership with Koito Manufacturing Co, a world-leading Tier 1 supplier. In his new capacity as chief commercial officer, Hourtienne will continue to oversee Cepton's business development, product management, and marketing teams. Cepton’s lidar technology holds promise in various applications, particularly in the realms of autonomous vehicles and smart cities. With Hourtienne's wealth of experience and expertise, the company is well-positioned to expand its market reach and continue delivering innovative solutions to address the evolving needs of the automotive and smart infrastructure sectors. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

September 21, 2023 01:52 PM Eastern Daylight Time

Video

Comcast Donates Free WiFi Access to Four Nonprofits in the Twin Cities to Help Increase Digital Opportunities in the Region

Comcast Twin Cities

Comcast today announced the opening of four new Lift Zones in the Twin Cities to provide free WiFi access to families across the area. Furthering the company’s deep and longstanding commitment to advancing equity and opportunity, our new Lift Zones at the International Institute, Every Third Saturday, Al Maa’uun, and GMCC will support digital access and adoption through tech training and career building. The new Lift Zone at International Institute will also receive 250 new laptops and two privacy pods, which will be used for virtual job interviews and telehealth appointments, as needed by clients. Comcast’s Lift Zones program provides free WiFi, powered by Comcast Business, to enable students, seniors, families, and community members to get online and fully participate in the digital economy. With these four new locations, Comcast now offers over 115 Lift Zones throughout the Twin Cities. Comcast’s investments in the four partner organizations will help increase college and career readiness, especially among underserved youth; connect workers to opportunities; provide upskilling for adult learners and those already in the workforce; and close the skills – particularly digital skills – gap. “The tasks of starting a new life in a new country can be overwhelming for refugees and immigrants when they arrive. Digital literacy and lack of reliable internet access can get in the way of applying for work, participating in classes or accessing community services,” said Jane Graupman, Executive Director, International Institute of Minnesota. “Thanks to Comcast and this Lift Zone partnership, we can make this time a little easier for New Americans who contribute so much to our community.” “Helping to close the digital divide and address digital equity remain top priorities here in the Twin Cities,” said Makram El-Amin, Executive Director from Al Maa’uun. “Our city and our region have become even more dependent on broadband to learn, find work and healthcare services and so many other aspects of our daily life. Comcast’s new Lift Zones will create endless opportunities for so many individuals, families, and seniors in our community.” “We’re proud to partner with these four wonderful organizations to launch new Lift Zones to advance digital equity and workforce readiness in our most vulnerable neighborhoods,” said Kalyn Hove, Regional Senior Vice President, Comcast Midwest. “Our continued partnership with our community partners will equip individuals, families and seniors with the tools, skills and resources they need to achieve their goals.” “Helping our communities achieve digital equity is in our DNA at Comcast,” said Broderick Johnson, EVP, Public Policy, and EVP, Digital Equity, Comcast Corporation. “We’re thrilled to partner with the International Institute, Every Third Saturday, Al Maa’uun, and GMCC on our next installation of Lift Zones in the Twin Cities and to work with partners who share our same goals of closing the digital divide.” Today’s announcement is part of Project UP, Comcast’s $1 billion commitment to reach millions of people with the tools, resources, and skills needed to succeed in a digital world. Comcast’s Lift Zones complement Internet Essentials, which since 2011, has helped connect more than 10 million low-income people to the Internet at home. In Minnesota, the program has connected more than 416,000 Minnesotans. Comcast also participates in the Affordable Connectivity Program (ACP), which provides qualifying households with a $30 per month credit, or $75 per month on Tribal lands, toward their Internet and mobile services. New and existing Xfinity Internet or Internet Essentials customers can learn more about the program and sign up by visiting: https://www.xfinity.com/learn/internet-service/acp/free-internet. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Comcast Corporation Jill Hornbacher +1 651-425-1695 Jill_Hornbacher@comcast.com Company Website https://midwest.comcast.com

September 21, 2023 10:00 AM Central Daylight Time

Inna Kuznetsova Named Recipient of 2023 Women in Supply Chain Award for Third Year Running

ToolsGroup

Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain, and Supply & Demand Chain Executive, the only publication covering the entire global supply chain, named ToolsGroup CEO, Inna Kuznetsova, as one of the winners of this year’s Women in Supply Chain Award, which honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supply chain network. This is the third consecutive year Kuznetsova has been recognized for this award. “This year, we received over 400 submissions, the highest amount of applications not only for this award, but also for all of our awards. What’s more, 118 of those applications were submitted by male counterparts, nominating their boss, co-worker, or associate. Last year, that figure was just 75. Also this year, 39 women self-nominated, a tremendous uptick from last year’s award, which just saw 12 self-nominations. This shows progress. This shows hope that one day, we won’t need an award like this because men and women in the supply chain will be equal,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive. “While there’s still more work to be done, what we’re doing is working. From truck drivers to CEOs, what these winners are doing matters to the future of all supply chains.” “I’m honored to be recognized among so many distinguished women leaders in supply chain,” said Kuznetsova. “Modern leadership should foster collaboration and creativity, helping individuals realize their full potential while participating in a greater mission. At ToolsGroup, that mission is to make supply chain a force for good. I’m proud to be part of a team and an organization that embodies these values, driving customer-centric innovations and helping companies navigate supply chain uncertainty.” “Women have been making a significant impact in supply chain management, contributing to the growth and innovation of the supply chain industry. As more women join the supply chain workforce, they bring diverse perspectives that can help address complex supply chain problems and improve global supply chain operations. It is important that we empower, recognize and elevate these achievements through initiatives like the Women in Supply Chain Award, as seen through the overwhelming response. Congratulations to all the winners, those who nominated others and the bravery of those who nominated themselves,” adds Sarah Barnes-Humphrey, founder of Let’s Talk Supply Chain podcast and Blended Pledge project, both exclusive sponsors of the Women in Supply Chain award. Read the Q&A with Inna Kuznetsova for her latest insights on AI, innovation, 2024 supply chain trends, and women in supply chain HERE. Go to https://foodl.me/fdx1zi to view the full list of winners. Recipients will be honored at this year’s Women in Supply Chain Forum, set to take place Nov. 14-15, 2023 in Atlanta. Go to www.WomenInSupplyChainForum.com to register and learn more. About Food Logistics and Supply & Demand Chain Executive Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Food Logistics and Supply & Demand Chain Executive also operate SCN Summit and Women in Supply Chain Forum. Go to www.FoodLogistics.com and www.SDCExec.com to learn more. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

September 21, 2023 10:00 AM Eastern Daylight Time

Image

HKTDC Hong Kong International Lighting Fair (Autumn Edition) and Hong Kong International Outdoor and Tech Light Expo to be staged in October

Hong Kong Trade Development Council

HONG KONG SAR - Media OutReach - 21 September 2023 - Photo Download Fair websites Hong Kong International Lighting Fair (Autumn Edition): hktdc.com/hklightingfairae/en Hong Kong International Outdoor and Tech Light Expo: hkotlexpo.hktdc.com/en Buyer registration Link Hong Kong, being the world's premier trade fair capital in Asia, has once again become the go-to destination for business people from around the world. Following the full resumption of travel, global traders flocked to take part in the city's trade activities. Organised by the Hong Kong Trade Development Council (HKTDC), the 8th Hong Kong International Outdoor and Tech Light Expo and the 25th Hong Kong International Lighting Fair (Autumn Edition) will be held on October 26-29, 2023 at AsiaWorld-Expo and October 27-30, 2023 at the Hong Kong Convention and Exhibition Centre respectively. The fairs gather more than 3,100 exhibitors, forming a world-renowned lighting marketplace and will be held in EXHIBITION+ hybrid model, complemented by the "Click2Match", an online smart business matching platform that will operate on 19 October to 6 November, providing a convenient and efficient platform for traders to connect. Hong Kong International Lighting Fair (Autumn Edition) This year's Autumn Lighting Fair will launch a new " Connected Lighting " zone, which demonstrates the possibilities of smart and IoT-enabled lighting solutions from renowned international companies and brands, including DALI Alliance, LEEDARSON, TRIDONIC, Midea, SUNRICHER, SNAPPY, Herculux, and more. The popular "Hall of Aurora" will return bringing excellent lighting products from the world's top brands, such as Signify, Megaman, Prosperity Group, Traxon | e:cue, Beghelli, Moso, and more. Other zones include: - The " Residential Lighting " zone will display functional and decorative household lamps from all over the world to stage a lighting extravaganza; - The " LED Lighting " zone will showcase the latest and hottest lighting designs in the market; - The " Smart Lighting and Lighting Solutions " zone will showcase innovative lighting products and solutions; - The " Commercial Lighting " zone will feature high-quality commercial lighting products that meet the needs of buyers from various industries and match the different lighting purposes of commercial properties. - The " LED Essentials " zone will bring a comprehensive range of lighting accessories and parts to the fair." Hong Kong International Outdoor and Tech Light Expo International Outdoor and Tech Light Expo gathers a series of commercial and industrial lighting fixtures, providing buyers with a one-stop sourcing platform. The " Innobuild " zone brings together exhibitors from the construction and hardware industry to exhibit construction technology, security, safety, and construction electronic systems, as well as construction materials and hardware. In response to the upsurge of home smart lamps, smart lighting systems applied in public spaces have become a major industry trend. The " Exterior Lighting Solutions and Systems " zone will gather many latest smart lamps designed for smart cities this year, as well as various energy-efficient, high-performance lighting systems and technologies to meet the ardent needs of the market. The " Horticultural Lighting " zone returns this year and brings more new products, including the latest plant lighting technology and plant growth lamps for estates and farms, as well as a series of lighting products suitable for outdoor parks and home gardens. As for the " Technical & Professional Lighting " zone, in addition to various lighting fixtures suitable for professional venues such as warehouses and production rooms, there will be a wide variety of lighting equipment used in large sports venues. The " Outdoor and Public Lighting " zone and the " Outdoor Advertising Lighting " zone will continue to display lamps for outdoor public spaces and outdoor advertising. Program activities A variety of activities such as seminars, lighting product launches, and networking events will be held during the fair period, allowing participants to grasp the latest technological information and innovative developments in the industry, and market trends, and chat with buyers from all over the world to expand their business network. In the seminars, industry leaders will discuss lighting technology applications and opportunities regarding smart and connected technology, healthy lighting, sustainable development of the lighting industry, green lighting design, etc. Renowned speakers include but not limited to Mr. Jean-Marie Croué, Délégué Général from Syndicat du Luminaire GIL; Ir Prof. Lu Lin Vivien, Professor from The Hong Kong Polytechnic University; Mr. Eric Shiu and Mr. Frankie Tsang, Associate Directors from TinoKwan Lighting Consultants Ltd.; Representatives of Connectivity Standards Alliance Member Group China (CMGC); Representatives of Shanghai Pudong Intelligent Lighting Association. What's more, the fairs will also introduce the "Scan2Match" which enables offline-to-online connections. By using the HKTDC Marketplace App, buyers can scan the dedicated QR codes of exhibitors to bookmark their favourite exhibitors, browse product information, view e-floor plans, and chat with exhibitors even after the fair to continue the sourcing journey. Contact Details Hong Kong Trade Development Council (HKTDC) Grace Lau +852 2240 4290 grace.py.lau@hktdc.org

September 21, 2023 08:41 AM Eastern Daylight Time

Image

Accesso Technology Group "really happy with where we are" after solid first half

Accesso Technology Group PLC

Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) CEO Steve Brown speaks to Proactive after the technology solutions provider to leisure, entertainment, and cultural markets released its interim results for the six months to 30 June 2023. Brown gives an overview of the first half, highlighting acquisitions of several companies that are now bedding into the wider Group. The RNS accompanying the interims explains that ticketing platform VGS has been rebranded as Accesso HorizonSM, Paradocs' MtnOS has now become Accesso ParadoxSM, bolstering Accesso's position in the ski market, while the addition of staff augmentation partner DigisoftTM has helped expand Accesso's mobile app development and delivery capabilities. Revenue growth continued in the first half while the Group's margin declined slightly, but Brown says this was expected and that things are "very much on track for our full year expectations, and so its more about the full year... we're really happy with where we are." Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

September 21, 2023 08:29 AM Eastern Daylight Time

Video

HTX to Launch 2nd Phase of Shark Fin with Competitive 8% Basic APY

HTX

Singapore / September 20, 2023 According to an official announcement from HTX, the 2nd phase of Shark Fin on HTX Earn will be available for subscription between 12:00 (UTC) on September 21 and 12:00 (UTC) on September 22. It is reported that the expected APY range for this subscription period is between 8% and 38%, with a platform bonus for a basic APY of 8%. (The actual APY may vary depending on market fluctuations; specific yields will be based on the actual returns generated by the product.) All users across the HTX platform can make subscriptions through their main accounts by navigating to "HTX Earn" -> "Shark Fin'' during the subscription period. By purchasing this product, investors can gain basic returns while pursuing higher floating earnings for correct predictions, shielding their principal from the impact of market fluctuations. How does Shark Fin work? Let's delve into the specifics. Shark Fin Unveiled: Advantages and what you should know. Shark Fin, also known as knock-out options, is a low-risk, structured product involving triggers for contract invalidation or activation, commonly known as a barrier and a strike price. There are two types of Shark Fins: "bullish" and "bearish." Shark Fin products serve as an instrument where investors can earn yields by predicting the market trend, and earnings are determined by the selected crypto asset’s increasing or decreasing price. Shark Fin's APY curve is much like a shark's dorsal fin, which inspires its intriguing name. For instance, if BTC is at a low point and there's a strong likelihood of an upward trend, a "bullish" Shark Fin product could be a timely choice. What sets Shark Fin apart is its potential for substantial gains while ensuring a base APY. How Shark Fin works: 1. Shark Fin offers a higher APY to investors if the price of the underlying crypto remains within the prediction range during the product's observation period. 2. Conversely, it provides investors with a base APY if the price goes above or falls below the prediction price. Advantages: 1. Short investment duration and excellent liquidity. 2. Well-protected principal, basic returns, and competitive APY. A basic return of 8% APY is higher than those provided by fixed-income products. Even if the market prediction goes awry, time is well invested. 3. The "bearish" products serve as a hedging tool, eliminating any risk for investors. The platform's risk management system will keep your assets safe. 4. Easy subscriptions with just a few clicks. Disadvantages: 1. Requires a solid understanding and analysis of short-term market trends, which is suited for investors with some trading experience. 2. There is a potential opportunity cost as Shark Fin's APY is nowhere near the potential returns from short-term market success by trading futures. However, futures trading doesn't offer basic returns, which requires resilient minds. Different products are catered to different market conditions, and require dynamic strategy adjustments for effective long-term asset allocation to weather market fluctuations between bullish and bearish trends. HTX Shark Fin: A Smart Bet to Ride Market Fluctuations The structured product HTX Shark Fin will be reportedly open for subscription between 12:00 (UTC) on September 21 and 12:00 (UTC) on September 22. The product offers four investment options: bullish BTC, bearish BTC, bullish ETH, and bearish ETH. Each subscription cycle is 7 days and accepts USDT as the investment token. It is reported that the expected APY range for this subscription period is between 8% and 38%, with a platform bonus for a basic APY of 8%. (The actual APY may vary depending on market fluctuations; specific yields will be based on the actual returns generated by the product.) Upon each product's maturity (on Fridays), around 10:00 (UTC), the principal and earnings will be credited to investors' HTX accounts. Here's how you can earn with HTX Shark Fin: Bullish Shark Fin Scenario 1: The highest index price during the interest calculation period is higher than the knockout price If the highest index price is $34,000, which is higher than the knockout price of $33,000, your APY will be 6%. Returns = 1,000 USDT x 6% x 7/365 = 1.150 USDT Scenario 2: The index price remains consistently lower than or equal to the knockout price throughout the interest calculation period, and the index price expires within the price range If the index price remains consistently lower than $33,000 before the settlement, and the index price expires at $31,000, which is within the range of $30,000 and $33,000, your APY will be 16%. APY = 6% + (31,000 - 30,000) / (33,000 - 30,000) × (36% - 6%) = 16% Returns = 1,000 USDT x 16% x 7/365 = 3.068 USDT Scenario 3: The index price remains consistently lower than or equal to the knockout price throughout the interest calculation period, and the index price expires below the price range If the index price remains consistently lower than $33,000 before the settlement, and the index price expires at $29,000, which is less than $30,000, your APY will be 6%. Returns = 1,000 USDT x 6% x 7/365 = 1.150 USDT Bearish Shark Fin Scenario 1: The lowest index price during the interest calculation period is lower than the knockout price If the lowest index price is $29,000, which is lower than the knockout price of $30,000, your APY will be 6%. Returns = 1,000 USDT x 6% x 7/365 = 1.150 USDT Scenario 2: The index price remains consistently higher than or equal to the knockout price throughout the interest calculation period, and the index price expires within the price range If the index price remains consistently higher than $30,000 before the settlement, and the index price expires at $31,000, which is within the range of $30,000 and $33,000, your APY will be 26%. APY = 36% - (31,000 - 30,000) / (33,000 - 30,000) × (36% - 6%) = 26% Returns = 1,000 USDT x 6% x 7/365 = 1.150 USDT Scenario 3: The index price remains consistently higher than or equal to the knockout price throughout the interest calculation period, and the index price expires above the price range If the index price remains consistently higher than $30,000 before the settlement, and the index price expires at $34,000, which is more than $33,000, your APY will be 6%. Returns = 1,000 USDT x 6% x 7/365 = 1.150 USDT Despite turbulence in the market, HTX's Shark Fin is to ensure investors enjoy USDT returns, as well as the protection of their principal. Throughout the interest accrual period or at the settlement time, if at any point the index price remains within the predetermined range, investors stand to enjoy a significantly higher APY. If the index price exceeds the barrier, fret not as you'll still receive a basic return. The subscription window for Shark Fin products opens from 12:00 every Thursday to 12:00 (UTC) every Friday. All HTX users can partake in subscriptions through their main accounts during this period. By purchasing this product, investors can gain a basic APY and pursue higher floating returns for correct predictions, shielding their principal from the impact of market fluctuations. Basic returns coupled with high APY potential: Is HTX's Shark Fin truly a worthy buy? HTX's product, Shark Fin is undeniably enticing, but determining its value requires a balanced analysis of returns and risks. Firstly, it offers a maximum APY of 38%. It's noteworthy that traditional financial instruments often pale in comparison to the returns offered by digital assets. Many bank-managed financial products have now dwindled to below 5% APY. Amongst digital asset financial products, HTX’s Shark Fin undoubtedly stands out, presenting an opportunity to reap a staggering 38% APY. Secondly, the cost of experimentation is low, and your principal is safeguarded, with a minimum return of 8% APY at relatively low risk. Contrast this with futures contracts, where the possibility of losing your principal is substantial. Being a passive income product, and offering a broad spectrum of returns, isn't unique to HTX. Various other exchanges also offer similar products. However, the specific rules might differ slightly, warranting scrutiny to select the product that aligns with your preferences. Shark Fin, as a novel financial product, boasts a complex structure that might not be suitable for everyone. Not for amateurs and is mainly tailored for those who possess some investable capital, risk tolerance and fundamental market understanding In essence, they are individuals who toggle between taking a calculated risk and being wary of losses. Hence, it is suitable for individuals who prefer low-volatility market conditions and also caters to risk-averse, prudent investors, or passive income enthusiasts. Purchasing Shark Fin allows you to experience firsthand flow of the market waters, to experience the ebb while reaping some gains. While you might not reap as much as seasoned contract players, your potential losses would also be milder. For those intrigued, if you have some idle funds, a little venture into this realm might be worth considering. HTX Earn, as a virtual asset allocation tool offering steady returns, leverages its professional virtual asset custody experience to provide a range of products that have garnered user acclaim. This product family caters to various investment needs. According to sources, during the early stages of HTX Shark Fin's launch, there will be limited-time bonuses worthy of a keen eye. About HTX Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com About HTX Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

September 20, 2023 11:12 PM Eastern Daylight Time

HTX Celebrates 10th Anniversary With Diversified Promotions

HTX

In the ever-evolving crypto market, HTX has left an important mark as a centralized exchange. HTX had humble beginnings in 2013, rose to become the largest exchange in the Chinese market by 2017, and exited Mainland China in 2021. The past decade has witnessed the ups and downs in the global crypto industry, particularly in China, as well as HTX's moments of glory and setbacks. As of August 31, 2023, HTX has accumulated 44 million registered users, over 9 million trading users, a cumulative trading volume of over 31 trillion USDT, an all-time high platform assets of more than 60 billion USDT, and the most monthly active users of over 3 million. It has maintained 100% functionality and no major security incidents for the past ten years. On its 10th anniversary, HTX presented a huge celebration with a range of special promotions including spot, futures, wealth management, and the HTX Mars Program. HTX users were provided with the opportunity to gain rewards by participating in these activities for a limited time. Event 1: HTX Mars Program According to the official HTX announcement, a special edition of the HTX Mars Program (round 3) was launched at 12:00 UTC on September 13, 2023, during its 10th anniversary celebration. To be eligible for the amazing prizes, participants need to complete the designated tasks before 15:59 UTC on October 3, 2023, and get their NFTs minted before 15:59 UTC. ONE lucky winner will be announced during the HTX livestream at 12:00 UTC on October 11, 2023. The winner of this special campaign has a chance to enter for the triple rewards as follows: a chance to compete with the shortlisted space candidates for a trip to space, a round trip experience on a private jet, and the latest Tesla Model 3 (distributed in the form of 20,000 USDT and 20,000 USDT in future trial bonuses). In further rounds of the Mars Program, ONE lucky winner could win a trip on a Gulfstream private jet. And for each successful NFT minting, participating users will earn a chance to enter a lucky draw where they can win exciting rewards like futures trial bonuses, fee cashback vouchers, Prime trial membership, Prime level-up coupons, and APY booster coupons for HTX Earn products. * Announcement link: https://www.htx.com/support/en-us/detail/34948892856037 Event 2: Stand to Win 1 BTC at HTX Futures Companionship The new HTX Futures Companionship program started in September 2023, allowing users to compete for a share from the 1.2 million USDT prize pool and a chance to win a special prize of 1 BTC. From September 1, 2023, at 10:00 UTC to October 1, 2023, at 10:00 UTC, participants can invite friends to trade futures at Individual Challenge and Team Challenge, as well as join the Lucky Draw, with the opportunity to share a prize pool of 1.2 million USDT and a chance to win 1 BTC. The HTX Referral program allows you to share a maximum of 240,000 USDT with your friends in futures trading. If the inviter has referred at least 3 valid friends, they can split 50% of the prize pool. New users who accumulate a futures trading volume of ≥2,000 USDT can share the remaining 50% of the prize pool. In the Individual Challenge, top 100 traders with a cumulative trading volume of ≥500,000 USDT will share a maximum prize pool of 360,000 USDT. For the Team Challenge, the top 20 teams with the highest PnL will share a maximum prize pool of 600,000 USDT in futures trial bonuses. Additionally, completing specified trading tasks will grant users the opportunity to participate in a lucky draw, where they stand to win up to 1 BTC. * Announcement link: https://www.htx.com/microapps/en-us/championships/competition?tab=home Event 3: Share 4,000 10% APY Booster Coupons by Subscribing to USDT Flexible at HTX Earn Between September 13, 2023, at 12:00 UTC and September 20, 2023, at 12:00 UTC, participants will be eligible to share 4,000 10% APY Booster Coupons, provided that they subscribe to the USDT Flexible product and achieve a net increase of at least 500 USDT in their holdings of the product compared to that of September 12, 2023, 15:59:59 UTC, while also earning at least one-day of interest. * Announcement link: https://www.htx.com/support/en-us/detail/74948395088990 Event 4: Borrow Coins at 30%-off Interest Rates To level up its borrowing services, HTX has cut the interest rates for Crypto Loans for the following cryptos. After the adjustment, the new annual interest rates are as follows: 1.6% for BTC, 2.1% for ETH, and 6% for TRX. Throughout September, users who meet specific loan amount criteria can enjoy tiered discounts on loan interest for the entire month, with discounts of up to 30% available. * Announcement link: https://www.htx.com/support/en-us/detail/34947820332601 Event 5: Refer Friends to Unlock Crypto Mystery Boxes Worth up to 1,500 USDT Each HTX's Mystery Box event has been further enhanced for its 10th-anniversary celebration. When users refer friends to sign up on HTX, both the referrers and their referees stand a chance to win BTC Mystery Boxes, each valued at up to 1,500 USDT. (Note: Original Mystery Boxes may contain random cryptos.) In addition, referrers can earn a 30% lifetime commission on every transaction made by their referees. The announcement reveals that when a referee logs into the HTX App within 14 days of registration, the referrer will receive a Mystery Box. Furthermore, if the referee achieves a trading volume of 100 USDT within 14 days of signing up, both the referrer and the referee will each be rewarded with a Mystery Box. * Announcement link: https://www.htx.com/support/en-us/detail/64942285770660 Event 6: Reap Triple Rewards at the P2P Trading Bonanza According to the official announcement from HTX, the exchange has launched a special event - the P2P Trading Bonanza, to express gratitude to its users. From September 7, 2023 UTC to October 13, 2023 UTC, users who make crypto purchases via HTX P2P will have the opportunity to share a prize pool and win an iPhone 14 Pro. The top three users with the highest purchase amounts will receive extra rewards. Additionally, users who invite friends to participate in P2P trading to facilitate HTX's building of a Web3 Financial Hub will receive airdrop rewards. During the event, users who share their thoughts and suggestions about HTX P2P features and promotions will have a chance to win a 100 USDT airdrop. * Announcement link: https://www.htx.com/support/en-us/detail/94948230828782 Event 7: Grab Rewards with the New Fiat On-Ramp Feature As a part of its 10th anniversary celebration, HTX is introducing a limited-time fiat on-ramp promotion, where users can win a wealth of rewards by simply buying cryptos with fiat currencies. From September 13, 2023 UTC to September 20, 2023 UTC, a new feature has been introduced on Quick Trade to facilitate fiat trading. Now, investors can utilize their EUR and GBP balances to directly purchase USDT with zero fees and better prices. By meeting the deposit requirements, they will be rewarded with Spot Trading Cashback Vouchers. During the event period, 7 lucky users (a total of 49 users) from those who make deposits through the specified fiat on-ramp channels with Quick Trade will be selected daily at random and get a 10% rebate based on their deposit amount. * Announcement link: https://www.htx.com/support/en-us/detail/64948829286257 HTX’s Advisor, Justin Sun stated that the HTX mission extends beyond blockchain and digital assets. Its goal is to build a Web3 metaverse free port, serving as a gateway for users to access the decentralized world and pave the path for a decentralized future. The team continues to build towards that mission for our community here. About HTX Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

September 20, 2023 01:40 PM Eastern Daylight Time